Then the bureau of labor statistics reported that the u. Why paul romer won the nobel prize in economics marginal. A story of economic discovery, is the book on romer for the ages, a truly splendid creation on both the science and the person. Development of the american economy, economic fluctuations and growth, monetary economics, public economics. This paper investigates the impact of changes in the level of taxation on economic activity. Could a memo by christina romer have saved the economy. Christina romer is economics professor in berkeley, calif. Romer presents the major theories concerning the central questions of macroeconomics. The signs that she was about to be proven correct had been turning up everywhere. Interview with professor christina romer berkeley, 2019 2020 keynes lecturer. Nov 18, 2016 the upshot was the trouble with macroeconomics, a scathing critique that landed among romers peers like a grenade. Christina romer is the former chair of the council of economic advisers, appointed by president barack obama to design a response to the great recession. Christina romer economist world news, politics, economics. University of california at berkeley economics professor christina romer talks about what the great depression can teach us about economic policy.
Economics 210ceconomics 236a, macroeconomic history, fall 2018. He is married to christina romer, with whom he frequently collaborates. Estimates based on a new measure of fiscal shocks christina d. Christina romers faulty depression history mises institute. Economist christina romer details recovery act news.
David henderson from the hoover institute via asks will the real christina romer please stand up. The fifth edition of romers advanced macroeconomics continues its tradition as the. Christina romer, chair of the council of economic advisers to president obama, recently wrote an ode to keynesian deficit spending as a method for curing severe recessions. Apr 23, 2012 the aer paper, coauthored with her husband and fellow uc berkeley professor, david h. The fifth edition of romer s advanced macroeconomics continues its tradition as the standard text and the starting point for graduate macroeconomics courses and helps lay the groundwork for students to begin doing research in macroeconomics and monetary economics. Oct 08, 2018 david warshs knowledge and the wealth of nations. Christina romers new paper blows up obamas financial. Worklife balance and the economics of workplace flexibility. Wilson professor of economics at the university of california, berkeley and a former chair of the council of economic advisers in the obama administration.
Christina romer writes in the economic report of the president that her staff at the council of economic advisors is the best since the 1960s. Paul romer biography, wiki, age, wife, children, nobel prize. Mar 04, 20 former obama economist christina romershe was the chairman of the presidents council of economic advisershas a good, though not excellent, piece on the minimum wage in the new york times. Christina romer, 49, has known several members of obamas inner circle for years. Oct 18, 2019 interview with professor christina romer berkeley, 2019 2020 keynes lecturer. Is the stabilization of the postwar economy a figment of the data. Wilson professor of economics at the university of california, berkeley. The economist offers authoritative insight and opinion on international news, politics, business, finance, science, technology and the connections between them. Mandel ngan getty when barack obama took office, he faced. The series before 1919 is an adjusted and smoothed version of the mironromer index of industrial production. Read book romer advanced macroeconomics solutions romers advanced macroeconomics, 4e, continues its tradition as the standard text and the starting point for graduate macroeconomic courses and helps lay the david romers advanced macroeconomics, 3e is the standard text and the starting point for romer advanced macroeconomics 4th edition.
Christina romers toxic cookbook the daily reckoning. She is a proclaimed keynesian while most of her work has undermined the keynesian theories. Nov 21, 2011 earlier this month, former obama administration economic adviser christina romer delivered a lecture at hamilton college in upstate new york in which claimed fiscal stimulus is effective. Oct 08, 2018 paul romer full name paul michael romer, is an american economist, a nobel laureate, and policy entrepreneur. He is also the husband and close collaborator of council of economic. World war i and the postwar depression a reinterpretation based on alternative estimates of gnp, journal of monetary economics, elsevier, vol.
Christina romer knows tax hikes will kill the recovery. View christina romers profile on linkedin, the worlds largest professional community. Romer, examines the impact of tax increases and reductions on u. A pioneer of endogenous growth theory, he received the prize for integrating technological innovations into longrun macroeconomic analysis. Professor christina romer presents the 20192020 keynes lecture on the narrative approach to establishing causation in macroeconomics. Business cycles econlib the library of economics and. Romer is a professor for economics in the university of california, berkeley with 20 videos in the cspan video library. He was born on november 7, 1955 in denver, colorado, u. Yet a simple glance at the big picture shows that the keynesian story makes no sense. Christina romer, former chair of the council of economic advisers, and her husband david, both professors at the university of californiaberkeley, have written a new paper that finds post. Advanced macroeconomics mcgraw hill economics kindle edition by romer, david. In 2018, was awarded the nobel prize in economics jointly with william nordhaus for integrating technological innovations into longrun macroeconomic analysis.
After her nomination and before the obama administration took office, romer worked with economist jared bernstein to coauthor the administrations plan for recovery from the 2008 recession. She joined the berkeley faculty in 1988 and was promoted to full professor in 1993. The best books on learning from the great depression a. Feb 19, 2018 the fifth edition of romer s advanced macroeconomics continues its tradition as the standard text and the starting point for graduate macroeconomics courses and helps lay the groundwork for students to begin doing research in macroeconomics and monetary economics.
He was a corecipient of the nobel memorial prize in economic sciences shared with william nordhaus in 2018. Advanced macroeconomics romer, david 9781260185218. Use features like bookmarks, note taking and highlighting while reading advanced macroeconomics mcgraw hill economics. Economics 210a, introduction to economic history, spring 2015. Christina romer was appointed to be the head of obamas team of economic advisors. Posted with the permission of the american economic. Wilson professor of economics at the university of california berkeley. In june of last year, ms romer authored a guest economics focus for the economist, titled the lessons of 1937 the 1937 episode provides a cautionary tale. A reinterpretation based on alternative estimates of gnp, journal of monetary economics, 22 07 1988, pp. Romer presidentelect obamas choice of christina romer to head his council of economic advisers brings a wellknown and wellrespected academic into his administration. She served as chair of president barack obamas council of economic advisers from 2009 to 2010. Maureen burke profiles christina romer, former chair of the u. Romer was chair of the council of economic advisers cea in the obama administration, from jan.
Interview with christina and david romer federal reserve. Economics 210c economics 236a, macroeconomic history, fall 2018. The aer paper, coauthored with her husband and fellow uc berkeley professor, david h. Nations with higher levels of government debt relative to the size of their economies tend to suffer more following financial crises than countries with lower debt levels, finds a new study coauthored by economics professor christina and david romer. Romer, examines the impact of tax increases and reductions on. Paul earned a bachelor of science in mathematics from the university of chicago. Christina romer chair, council of economic advisers the. This series is described in the appendix to remeasuring business cycles by christina d.
She resigned from her role on the council of economic advisers on september 3, 2010. She resigned from her role on the council of economic advisers on. Wilson professor of economics at the university of california, berkeley, and a research associate of the national bureau of economic research. But basic economics shows that competition between employers for workers can be very effective at preventing businesses from misbehaving. In it, she departs from her exbosss views and points out some of the pitfalls of raising the minimum wage. Christina romer is a professor of economics at the university of california, berkeley, and codirector of the program in monetary economics at the national bureau of economic research. Enjoy the best christina romer quotes at brainyquote. Professor romer is codirector of the program in monetary economics at the national bureau of economic research, and is a member of the nber business cycle dating committee.
Quotations by christina romer, american economist, born december 25, 1958. Buy advanced macroeconomics mcgrawhill economics book. Paul michael romer born november 6, 1955 is an american economist who is a university professor on leave at new york university. She has served as a member of the brookings panel on economic activity and has earned the national science foundations presidential young investigator award. There are 29 sections for empirical applications, which is quite unusual for an economic textbook. Interview with christina and david romer federal reserve bank of. The fifth edition of romers advanced macroeconomics continues its tradition as the standard text and the starting point for graduate macroeconomics courses and helps lay the groundwork for students to begin doing research in macroeconomics and monetary economics. Economics 211,economic history seminar, spring 2020. The peaktotrough decline is calculated using the actual peaks and troughs in the industrial production series. The study builds on their prior research, and helps explain the reasons for the discrepancy.
Christina romers new paper blows up obamas financial crisis. Larry summers, christina romer, timothy geithner, barack obama, ben bernanke, and sheila bair at the white house in 2009. Christina romer chair, council of economic advisers. Paul romer biography, wiki, age, wife, children, nobel. David henderson from the hoover institute via asks will the. The best books on learning from the great depression a five.
Romer, by the way, is the son of roy romer, former colorado governor and famous builder of airports. The rebel economist who blew up macroeconomics bloomberg. In a time of febrile politics, with antiestablishment revolts breaking. Romer is a professor of economics at the university of california, berkeley, and codirector of the program in monetary economics at the national bureau of economic research. If i am to recommend a macroeconomic textbook to mediumadvanced level. When charles kaldec of forbes reminded us yet again of president obamas willful refusal to seriously consider the advice of the former chair of his council of economic advisers, it became apparent that something was about to happen. The upshot was the trouble with macroeconomics, a scathing critique that landed among romers peers like a grenade. See the complete profile on linkedin and discover christina. Christina duckworth romer is the class of 1957 garff b.